Finance

National Insurance: How much National Insurance do I pay? Government plans over-40 rise

The plans, according to The Guardian, could see the Government ask them to contribute towards the cost of care in later life via National Insurance or tax.

The money raised from the policy would go towards help for the frail and elderly to go about their daily lives at their property or a care home.

Boris Johnson’s new health and social care task force and the Department of Health and Social Care (DHSC) will allegedly spearhead the plans, which have gained support as an instrument to solve the social care crisis.

One source with knowledge of the plans told the Guardian the Government is basing the model on others used in Japan and Germany.



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